Former president, Chief Olusegun Obasanjo yesterday stated that it is unfortunate that many of the nation’s leaders do not have basic economic skills which, according to him, is one of the reasons why the country has not recorded much progress.

Speaking at the 15th annual leadership symposium organised by the Center for Values in Leadership, CVL, in Lagos, he said it has become imperative that the country transitions to a popular movement which would give the people a feeling that power is in their hands.

Obasanjo, who was the special guest of honour at the lecture, said, "the three ingredients of success are leadership, governance and development. Leaders should understand the world we live in; they should not live their lives in ignorance of what is happening around them.

“Any leader that wants to be successful must have a good knowledge of the economy but some of our leaders do not even understand what demand and supply, which is the most basic aspect of economics. In Nigeria, we are not there yet, but, we would be deceiving ourselves if we do not speak home truths.

Read more: https://newsworth.ng/obasanjo-says-leaders-dont-understand-basic-economics/

Some leaders don't understand basic economics e. g. President Muhammadu Buhari